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Updated over 5 years ago on . Most recent reply
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NEW INVESTOR/LONG DISTANCE INVESTING
Good evening everyone! I'm new to RE investing as well as to BP and am extremely excited to start my transition to RE investor. Been looking around different areas to invest in (I'm currently reading David Greene's book Long Distance Real Estate Investing) and narrowed it down to Lubbock, TX, Fayetville, NC and (this is a strong maybe) Detroit, MI. I'd like to get your thoughts on those areas, the pros/cons and anything unique in those venues. Thanks in advance and I'm looking to grow with you all!
Nick
Most Popular Reply
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@Corey Zant Criteria --multi-family, purchase price under $140k, cash-flow at least $150/month/door. Short list--the purchase prices of the units. I have some friends who live out there and they've advised that it's a growing market. I'll have to do more of a due diligence to ensure if it was a growing market.
@AJ Townley My thought wasn't initially marketed to the students. Some of the places I found looks like it would be geared towards couples and small families. The reasoning from @Kevin Moules is sound.